Eastman Chemical (Germany) Market Value
| EAC Stock | EUR 95.70 2.82 2.86% |
| Symbol | Eastman |
Eastman Chemical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Eastman Chemical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Eastman Chemical.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in Eastman Chemical on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding Eastman Chemical or generate 0.0% return on investment in Eastman Chemical over 480 days. Eastman Chemical is related to or competes with Sociedad Qumica, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, Talanx AG, and NorAm Drilling. Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide More
Eastman Chemical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Eastman Chemical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Eastman Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0086 | |||
| Maximum Drawdown | 8.04 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.45 |
Eastman Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastman Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastman Chemical's standard deviation. In reality, there are many statistical measures that can use Eastman Chemical historical prices to predict the future Eastman Chemical's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.1394 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0095 | |||
| Treynor Ratio | (2.37) |
Eastman Chemical Backtested Returns
At this point, Eastman Chemical is very steady. Eastman Chemical secures Sharpe Ratio (or Efficiency) of 0.0842, which denotes the company had a 0.0842% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eastman Chemical, which you can use to evaluate the volatility of the firm. Please confirm Eastman Chemical's Mean Deviation of 1.03, coefficient of variation of 963.08, and Downside Deviation of 1.25 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Eastman Chemical has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0559, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eastman Chemical are expected to decrease at a much lower rate. During the bear market, Eastman Chemical is likely to outperform the market. Eastman Chemical right now shows a risk of 1.46%. Please confirm Eastman Chemical treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to decide if Eastman Chemical will be following its price patterns.
Auto-correlation | 0.33 |
Below average predictability
Eastman Chemical has below average predictability. Overlapping area represents the amount of predictability between Eastman Chemical time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Eastman Chemical price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Eastman Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 17.82 |
Eastman Chemical lagged returns against current returns
Autocorrelation, which is Eastman Chemical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Eastman Chemical's stock expected returns. We can calculate the autocorrelation of Eastman Chemical returns to help us make a trade decision. For example, suppose you find that Eastman Chemical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Eastman Chemical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Eastman Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastman Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastman Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Eastman Chemical Lagged Returns
When evaluating Eastman Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastman Chemical stock have on its future price. Eastman Chemical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Eastman Chemical autocorrelation shows the relationship between Eastman Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Eastman Chemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Eastman Stock
When determining whether Eastman Chemical offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eastman Chemical's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eastman Chemical Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eastman Chemical Stock:Check out Eastman Chemical Correlation, Eastman Chemical Volatility and Eastman Chemical Alpha and Beta module to complement your research on Eastman Chemical. For more detail on how to invest in Eastman Stock please use our How to Invest in Eastman Chemical guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Eastman Chemical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.